Internal Audit. Expect more.
Do we expect enough of Internal Audit today? What does the future of Internal Audit look like?
In an environment of transformation, increasing complexity and an evolving risk landscape, Executives and Boards are looking to Internal Audit for confidence and insights. For many Internal Audit functions, this means evolving to keep pace with the needs its stakeholders, and business.
Internal Audit is not only about ticking boxes. It’s a strategic opportunity for every organisation. It’s a function that has the potential to drive innovation and productivity, to share insights and possible solutions, and deliver a return on its investment.
Should you expect more from Internal Audit? Audit your Internal Audit to find out.
Research confirms the opportunity
PwC’s 2016 Global State of the Internal Audit Profession Study, now in its 12th year, paints a very clear picture.
Of the 1,600 Chief Audit Executives (CAE’s) and their stakeholders, including senior management and boards, 54% believe Internal Audit is contributing significant value, but this is not enough:
- 62% expect more value from Internal Audit by expanding its traditional assurance role.
- 55% expect IA to become a more proactive trusted advisor in the next five years.
- Only 11% believe it’s happening now.
See our debate highlights
Do we expect enough from Internal Audit? What could the future of Internal Audit look like? Must we disrupt to be future fit?
PwC's Asia Pacific Internal Audit leader, Andrew McPherson, facilitated a debate amongst key Internal Audit stakeholders at the IIA-Australia's annual SOPAC conference on 7th March 2016.
Debate highlights captured through a live illustration.Click here to view larger image